Australian Employment Surges In June
Labour force figures released today by the ABS reflect the underlying strength and resilience of the Australian labour market and are testament to the success of the Government’s stimulus measures and the hard work of the Australian people.
Seasonally adjusted employment increased by 45,900 in June to stand at a record high of 11,100,700.
Full-time employment rose by 18,400 over the month (the 10th consecutive monthly increase) to stand at a record high of 7,794,700 in June, while part-time employment increased by 27,500 to stand at 3,306,000.
Against this background, the seasonally adjusted unemployment rate was steady, at 5.1 per cent in June, following a revision of the May figures. The participation rate increased 0.1 percentage points to 65.2 per cent. The level of unemployment fell marginally, by 200 to stand at 598,400.
The Minister for Employment and Workplace Relations Simon Crean welcomed today’s strong result and praised employers and unions who had worked together to help steer Australia through the worst of the global recession.
The latest rise in employment means that there are around 350,000 more jobs today than a year ago.
Unemployment currently stands at 10.0 per cent in the Euro zone, 9.9 per cent in France, 9.5 per cent in the US, 8.1 per cent in Canada and 7.8 per cent in the United Kingdom.
Despite today’s positive figures, Mr Crean noted the need for caution, given there are still 110,500 more Australians out of work today than there were at the start of the Global Financial Crisis in September 2008.
That said, Australia’s strong labour force figures stand in stark contrast to the stubbornly high unemployment rates still being experienced in many other advanced economies, where the aftershocks from the crisis are continuing to reverberate.
Reflecting our much stronger relative position, a number of Australian States and Territories have recorded a reduction in their unemployment rate over the year to June 2010.
States and Territories recording the most notable decreases in their unemployment rate include Western Australia (down by 1.3 percentage points to 4.0 per cent), the Northern Territory (down by 1.3 percentage points to 2.8 per cent) and New South Wales (down by 1.2 percentage points to 5.2 per cent).
While Australia’s unemployment rate is clearly the envy of most of our major trading partners, the Government remains acutely aware that there are almost 600,000 Australians who remain unemployed without the security and dignity of work.
This is why the Government will be investing more than $660 million in training, apprenticeships and adult literacy and numeracy, to ensure that Australia has the skills that people need to secure employment and support our growing economy.
This major Government investment in jobs and skills training will ensure that as the economy continues to recover, Australia is well placed to meet the skills needs of the future.
Topics: 2010, Australia, business, census, construction, economic development, economic growth, economic recovery, Economy, employment, employment report, Governance, government, government employment, health care, infrastructure, job creation, jobs, labor force, labor market, Labour Force Figures, labour market, local government, manufacturing, monitor, news, politics, retail trade, stimulus, unemployed, unemployment rate
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